HEQQ vs. IQQ

Last updated Aug 2, 2026

HEQQ (JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds. HEQQ is actively managed, while IQQ is passively managed. Their 0.97 correlation means they have historically moved very closely together. HEQQ charges 0.50%/yr vs 0.10%/yr for IQQ.

Performance

HEQQ vs. IQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and iShares Nasdaq 100 ETF (IQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HEQQ

• 1D: 0.31%
• 1M: -0.71%
• 6M: 1.17%
• YTD: 2.75%
• 1Y: 11.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.65%

IQQ

• 1D: 0.61%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	$19.72K	$10.59K	$92.03K
IQQ iShares Nasdaq 100 ETF	$29.72M	$37.50M	$37.50M

HEQQ vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	-0.95%
IQQ iShares Nasdaq 100 ETF	-4.63%

Correlation

The correlation between HEQQ and IQQ is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.97

Return for Risk

HEQQ vs. IQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HEQQ

HEQQ Risk / Return Rank: 46
HEQQ Sharpe Ratio Rank: 47
HEQQ Sortino Ratio Rank: 48
HEQQ Omega Ratio Rank: 47
HEQQ Calmar Ratio Rank: 40
HEQQ Martin Ratio Rank: 46

IQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HEQQ vs. IQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF (HEQQ) and iShares Nasdaq 100 ETF (IQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HEQQ	IQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.18	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.43	—	—
Martin ratio: Return relative to average drawdown	5.30	—	—

Drawdowns

HEQQ vs. IQQ - Drawdown Comparison

The maximum HEQQ drawdown since its inception was -7.64%, smaller than the maximum IQQ drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for HEQQ and IQQ.

Drawdown Indicators

	HEQQ	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-8.80%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.64%	—	—
Current Drawdown Current decline from peak	-2.37%	-5.21%	+2.84%
Average Drawdown Average peak-to-trough decline	-1.17%	-3.69%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	HEQQ	IQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	23.03%	-13.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	23.03%	-12.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	23.03%	-12.04%

HEQQ vs. IQQ - Expense Ratio Comparison

HEQQ has a 0.50% expense ratio, which is higher than IQQ's 0.10% expense ratio.

Dividends

HEQQ vs. IQQ - Dividend Comparison

HEQQ's dividend yield for the trailing twelve months is around 0.22%, while IQQ has not paid dividends to shareholders.

Position	TTM	2025
HEQQ JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF	0.22%	0.19%
IQQ iShares Nasdaq 100 ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HEQQ and IQQ in my portfolio?

With a correlation of 0.97, HEQQ and IQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HEQQ or IQQ?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEQQ or IQQ?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.50% for HEQQ.

Which ETF pays a higher dividend yield, HEQQ or IQQ?

HEQQ has the higher dividend yield at 0.22%, compared with 0.00% for IQQ.

What is the main difference between HEQQ and IQQ?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for HEQQ and 0.10% for IQQ.